‘I’m £5,000 down’: Co-op Bank apologises after duplicate payments glitch June 12, 2024 The Co-operative Bank has apologised to customers after complaints that a glitch had caused payments to be taken twice from some small business accounts.
Starling Bank posts third annual profit ahead of expected London listing June 12, 2024 Starling Bank has posted its third full year of profitability as the digital-only lender grew its customer base and reaped the benefits of higher interest rates ahead of a planned IPO.
Dame Alison Rose takes first job since leaving Natwest after Nigel Farage debanking storm June 11, 2024 Dame Alison Rose has taken up her first job since leaving Natwest last year in the aftermath of the Nigel Farage debanking storm over his Coutts account.
What’s going on with Reform’s proposed overhaul of Bank of England reserves? June 11, 2024 Tice said the policy would raise £35bn over the next five years, a figure which leading tax lawyer Dan Neidle described as "magic".
UK payment firms urge regulator to delay controversial fraud refund rules June 10, 2024 Firms have urged the UK payments regulator to delay fraud reimbursement rules following growing criticism of the measures and the recent departure of the watchdog's head.
JP Morgan: Labour election win would be ‘positive’ for markets June 10, 2024 Wall Street giant JP Morgan is forecasting a "net positive" impact on markets if Labour wins the UK general election on 4 July.
Average mortgage ‘shelf-life’ cut in half as lenders raise rates June 10, 2024 The average "shelf-life" of a UK mortgage has nearly halved in a month, new data shows, as lenders raise rates on home loans.
Barclays in Moorgate vandalised as three arrested in apparent Palestine protest June 10, 2024 Three men have been arrested over the spraying of red paint on a Barclays branch in Moorgate, following several previous incidents linked to pro-Palestine activists.
Over £366bn ‘sitting in accounts earning one per cent or less’ June 10, 2024 More than £366 billion is languishing in UK current and savings accounts earning returns of 1% or less, according to analysis.
Inside UK banks’ arms race against fintech start-ups June 8, 2024 The UK’s major banks are muscling into new areas of the fintech space as they look to keep up with a wave of young challengers and grab a slice of the lucrative market.